Islamic car finance,Halal Car Finance: Sharia-Compliant Car Financing in 2023 In 2023, Islamic car finance continues to gain prominence as a preferred option for Muslim drivers in the USA, Canada, UK, and Australia who want to adhere to the principles of Sharia law while acquiring a vehicle. This financial solution, known as halal car finance, ensures that the entire process aligns with Islamic ethical guidelines, making it a viable…
99 Names of Allah with meaning Abu Huraira reported Allah’s Messenger (ﷺ) as saying: There are ninety-nine names of Allah; he who commits them to memory would get into Paradise. Verily, Allah is Odd (He is one, and it is an odd number) and He loves odd number..”(Sahih Muslim Book-48 Hadith-5) There are more than 99 names of Allah but 99 is documented from Quran and Hadith of Rasul…
Allahumma Barik Meaning and usage What does 'Allahumma Barik' mean? اللَّهُمَّ بَارِكْ Allahumma Barik Means" O Allah! Bless" When to say Allahumma barik "Allahumma Barik " is said Seeking Blessings and Productivity It is sunnah to say "Allahumma barik" in following occasion- When you come across something admirable.To protect from evil eye The Prophet (peace and blessings be upon him) advised Muslims that when they come across something admirable…
The story of Islamic center of long Island Westbury Once upon a time, nestled in the heart of Long Island, there stood a small house with a serene aura. It was the late 1980s when this humble abode would undergo a transformation that would shape the destiny of the Islamic community in Long Island. This house was about to become the beacon of faith, knowledge, and unity - the…
Is trading in Share Market Halal or Haram ? Exploring the Scholars' Perspectives Is it allowed to trade stocks in Islam? Stock Trading in Share Market and the Foundation of Islamic Finance Islamic finance is rooted in Shariah, the body of Islamic law derived from the Quran and Hadith (sayings and actions of Prophet Muhammad, peace be upon him). It operates on principles of fairness, ethical conduct, and avoidance of activities considered haram (forbidden)…
What is a sukuk? A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law (Sharia). Unlike traditional Western interest-paying bonds, sukuk involves the issuer selling a certificate to an investor group, using the proceeds to purchase an asset in which the investors have direct partial ownership interest. The issuer also commits to repurchasing the bond at its par value…
Halal Jobs for Muslims in North America-Halal Job Market Trends With a growing Muslim population in North America, the demand for Halal products and services has surged. The Halal industry encompasses various sectors, offering an array of career possibilities. Halal Jobs for Muslims in North America What are halal employment options? Food and Beverage Industry: From Halal restaurants to food quality control, this sector offers diverse opportunities for those…
Types of Bay Gharar in Islamic Finance Gharar is an Arabic term that refers to uncertainty, ambiguity, hazard, and risk in a contract or transaction. It signifies the presence of excessive uncertainty or ambiguity that can lead to disputes or exploitation of one party by another. Key Aspects of Gharar in Buyu Excessive Uncertainty: Gharar arises when a contract contains an unacceptable level of uncertainty. This uncertainty can be…
Dua for beginning a khutba or before beginning a lesson: "Innalhamdalillah nahmaduhu" Why do we recite a Dua before speech? Starting a talk with a dua is seeking the help of Allah and glorifying Allah before a praiseworthy action of imparting ilm. It also helps to create a welcoming and inclusive atmosphere, promoting a sense of togetherness among the audience members and reminds the speaker of the importance of…
Islamic finance jobs USA Islamic finance is a form of financial system that is based on the principles of Islamic law (Shariah). Islamic finance prohibits interest (riba), gambling (maysir), uncertainty (gharar), and unethical activities that harm society or the environment. Islamic finance also promotes risk-sharing, social justice, and financial inclusion¹ It is a unique financial system rooted in ethical and Shariah-compliant principles. It stands as an alternative to conventional…
Oman declares Bitcoin Halal and in line to Islamic finance and Islamic sharia. The government of Oman is supporting investments in bitcoin mining centers and crypto-savvy -getty image Oman declares Bitcoin Halal Also Read : Is Bitcoin Halal or Haram according to different Muslim scholars H.E Sheikh Mansour Bin Taleb Bin Ali Al Hinai, Chairman of Oman's Authority for Public Services Regulations, publicly commented in a press statement about…
Bitcoin and Islamic Finance, Is Bitcoin Halal or Haram, an Islamic law perspective. Is Bitcoin Halal or Haram from Islamic law perspective is a question that has been troubling me from many days. Recently I read “Shariah Analysis of Bitcoin, Cryptocurrency, and Blockchain” by Mufti Muhammad Abu Bakar, who is a Shariah advisor and auditor at Blossom Finance in Indonesia. I took some notes on Bitcoin and Islamic Finance and made…
Virtue of Friday for Muslims The virtues of Friday include the following: · On Friday is Salat al-Jumu`ah ( ( Friday prayer), which is the best of prayers. Allah says (interpretation of the meaning): “O you who believe (Muslims)! When the call is proclaimed for the Salah (prayer) on Friday (Jumu‘ah prayer), come to the remembrance of Allah [Jumu‘ah religious talk (Khutbah) and Salah (prayer)] and leave off business (and every…
About Muwatta of Imam Malik: Who was Imam Malik? Imam Malik biography in short: Imam Malik ibn Anas, full name Abu Abdullah Malik ibn Anas ibn Malik ibn Abi 'Amir al-Asbahi al-Himyari, was a towering figure in Islamic scholarship. He was born in the year 711 CE and passed away in 795 CE. His lifetime coincided with a pivotal era in Islamic history, marked by the consolidation of Islamic…
